ERHC Energy Inc (ERHE)

[midtieroil]

We were in the big leagues at one time becaue everyone wanted a piece of the JDZ and ERHE had it AND they had a direct line to the powers in charge in Nigeria. There were multiple bidders and multiple companies ready to step in and take up the slack if someone else wouldn't.

I think the exact opposite is true now. Nobody has stepped up in the EEZ and there were almost no bidders and no one is fighting to get a block there. I don't see that much interest in Chad either so far. And the JDZ blocks look to be moribund at the moment as well.

Things are not they way they were when we received those hefty payments for the rights in the JDZ. I hope Ntephe figures that out sooner rather that later. Ntephe keeps telling how ERHC got things done and got wells drilled and got all this money under the non-operating model. The problem is he had nothing to do with any of that and he appears unqualified to repeat that success. In addition, the same interest is simply not there.
Wake up Ntephe. Things are not like they once were.

And no, ERHC has not cut negative cash flow. Go look at the cash flow statement. They have been around 4 million negative cash flow for the last 3 years.